ACCOUNTING CONCEPTS 0.0 / 5HideShow resource informationAccountingAccounting conceptsASAQACreated by: chloebuckbyCreated on: 14-09-15 10:41 7546312 Across 1. items grouped together (11) 6. business and the owner have different identities (7) 7. the business is more than likely going to continue trading (5, 7) Down 2. should be recorded in the year they take place (8) 3. the lower of the cost and NRV (8) 4. no personal opinions should help valuations (11) 5. once the concept is chosen it should not change (11)
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